Not able to cross resistanceReturned from resistance at 505 which is required to be crossed on closing basis. Support 425, target 590 in medium term
MANORG trade ideas
beware, broke support, can slide to 350ish levelIf it doesnot not recoup the support in a day or two, downtrend might start!
longFacing a resistance at around 480-481. Its a buy if it crosses 481 on closing basis for a target of around 535 in short term
Bullish
Immediate resistance between 535 to 545, which if crossed, I hope 800 will be tested in medium term. Support at 440
BullishMangalam Organics has just crossed long term 1/1 ascending angle and is poised for a target of 777 if it remains bullish consistently. The stop loss is very close at 440.
Bullish Mangalam returned splendidly returned from its support as can be seen in the chart. There could be an intermediate resistance but if it crosses 436 tomorrow on closing basis, 760 can be seen in intermediate term
Had crossed 1/1 three days agoHad crossed 1/1 three days ago but could not sustain it. Tomorrow closing is to be checked. If closes above 390.25, the stock may move up to 670 in this run up.
BullishIn this run up there is a resistance at 381.50. Hope it gets broken next week for further up move. Support at 244.
Mangalam OrganicsComing out from a narrow range and consolidation since the past 5 months, can the stock sustain current levels and confirm a weekly break out tomorrow?
